Jianpu Technology Inc – (NYSE:JT) has been assigned an average broker rating score of 3.00 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation.

Brokerages have set a 1-year consensus price target of $5.83 for the company and are anticipating that the company will post ($0.02) earnings per share for the current quarter, according to Zacks. Zacks has also given Jianpu Technology an industry rank of 148 out of 257 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded Jianpu Technology from a “sell” rating to a “hold” rating in a report on Thursday, August 30th.

A number of hedge funds have recently made changes to their positions in the business. Jane Street Group LLC acquired a new position in Jianpu Technology during the second quarter valued at approximately $101,000. Citadel Advisors LLC acquired a new position in Jianpu Technology during the second quarter valued at approximately $156,000. Jupiter Asset Management Ltd. grew its holdings in Jianpu Technology by 3.2% during the second quarter. Jupiter Asset Management Ltd. now owns 1,263,114 shares of the company’s stock valued at $8,349,000 after purchasing an additional 39,080 shares during the last quarter. Granite Point Capital Management L.P. grew its holdings in Jianpu Technology by 8.5% during the third quarter. Granite Point Capital Management L.P. now owns 514,492 shares of the company’s stock valued at $2,516,000 after purchasing an additional 40,319 shares during the last quarter. Finally, AXA grew its holdings in Jianpu Technology by 23.9% during the third quarter. AXA now owns 234,034 shares of the company’s stock valued at $1,144,000 after purchasing an additional 45,169 shares during the last quarter. Institutional investors own 11.53% of the company’s stock.

NYSE:JT opened at $3.61 on Tuesday. Jianpu Technology has a 52 week low of $3.53 and a 52 week high of $9.49.

Jianpu Technology (NYSE:JT) last released its quarterly earnings data on Monday, November 19th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). Jianpu Technology had a negative return on equity of 19.36% and a negative net margin of 16.81%. The firm had revenue of $64.61 million during the quarter. On average, analysts predict that Jianpu Technology will post -0.08 EPS for the current year.

Jianpu Technology Company Profile

Jianpu Technology Inc operates a platform that provides online discovery and recommendation services for financial products in the People's Republic of China. Its platform allows users to access to financial products, including consumer and other loans, credit cards, and wealth management products.

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